Post by
Manthebull on Jul 30, 2015 12:04pm
THIS IS A BOUNCE BACK!!!!
HAPPY TO SEE THIS!!! AS I ALWAYS SAY. NEVER SELL AT A LOSS...THIS COMPANY HAS GOOD NEWS COMING.
3.50 IN FEW DAYS
Comment by
Ellesse on Jul 30, 2015 4:05pm
I am just praying the company will survive in this oil market condition... Once oil bounce back $60.00 level by next year, then we might see the sp will recover.... It might take 2-3 years to recover my lost @ $6.00... But it's Ok than I can wait... No hurrry....
Comment by
MetalsKing on Jul 30, 2015 7:20pm
why do you haveant concerns about "surival"? They have relatively low debt, low cost production and solidly positive cash flow, don't get your survival concern
Comment by
Jonesing on Jul 30, 2015 8:24pm
I agree that in the long term she has nothing to worry about. Strong company will survive. The only thing that would kill her recover is a buyout right now. Some of us think that may happen soon and it could be for a SP of 3 to 3.5.
Comment by
Manthebull on Jul 30, 2015 8:54pm
Also the low oile prices wont last long..Saudis are planning for production cut soon and U.S production is falling..I think oil will reach $75 by end of this year. Trust me everything seems bad during bad times...patience required for good times.. Cheers! RMP is solid
Comment by
minerman77 on Jul 30, 2015 10:18pm
$3-3.5 won't fly, would have to be higher
Comment by
Jonesing on Jul 30, 2015 11:41pm
I think it could. The SP has been low enough over the past month for a buy out at that price. It will mostly depend on how long oil stays below 50. That seems to be the breaking point average for most juniors in Canada. If the Saudis do as they are indicating and cut back there supply then all bets are of for a buyout.
Comment by
Jonesing on Jul 31, 2015 6:12am
RMP is definitely a strong well managed company and those are the reasons i bought aharea in it at these prices. Those are the reasona minerman doesn't agree with my buyout price. I do hope i am wrong and in a few years we see the sp at 4 times it current value.